High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Month: January 2024
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Share: The Federal Reserve is widely anticipated to keep interest rates unchanged. Fed Chairman Jerome Powell could shed further details on upcoming rate cuts. The US Dollar could find extra legs in case of a hawkish outcome. The Federal Reserve (Fed) will announce the first monetary policy of 2024 on Wednesday, and market participants largely
The AUDUSD moved lower earlier in the day and in the process fell below a key support target defined by the 200 day moving average at 0.6574, and the 50% midpoint of the move up from the October low. That level comes in at 0.65699. The inability to stay below those levels turned sellers into
The bond market is really going for it. US 2-year yields are down 17 basis points to 4.20% and 10s are down 11 bps to 3.94%. The market is back to pricing in 147 bps of rate cuts this year from 130 bps earlier this week. That’s spilled over into a sharp drop in USD/JPY
Forex Trading Strategy – Step By Step Guide! In this comprehensive tutorial, we dive deep into the world of Forex trading using Bollinger Bands, especially during low liquidity months like December. 🌟 Whether you’re a beginner or a seasoned trader, this video is your ultimate guide to mastering the art of trading with Bollinger Bands.
When most people hear about Forex trading, they imagine a bustling currency exchange office with streams of people constantly exchanging one currency for another. In the digital age, however, the reality of Forex trading stretches far beyond these physical spaces. It’s an expansive world where the uninitiated may feel like sailors entering choppy seas without
The year 2023 wasn’t fantastic for the stock markets, as other factors took the spotlight. First, the US dollar dominated, followed by Bitcoin taking center stage. Now, as we kick off 2024, and stock indices have surged to their all-time peaks or close to them. Let’s find out how we’ve fallen in this state. Stock
Share: The US Dollar (USD) stays resilient against its rivals. Economists at ING analyze Greenback’s outlook ahead of the Federal Open Market Committee (FOMC) event. Fed should be in no hurry to cut Expectations of the first Federal Reserve rate cut in March continue to fade as US data comes in on the strong side.
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Share: Australia’s Consumer Price Index (CPI) arrives at 0.6% in the fourth quarter of 2023, compared with the 1.2% increase seen in the third quarter, according to the latest data published by the Australian Bureau of Statistics (ABS) on Wednesday. The market consensus was for a growth of 0.8% in the reported period. Annually, Australia’s CPI inflation
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
The EURUSD has had another up-and-down trading day today. The move to the upside did take the price above its 200 day moving average at 1.08413 and 100 hour moving average currently at 1.0849, but the momentum could not be sustained and the price rotated to the downside. The buyers had their shot. They missed.
The price of WTI crude oil futures is settling up $1.04 or 1.35% at $77.82. The high for the day reached $78.11. The low extended to $75.88. Lower growth in Europe pressured the price early in the session. US production is also a negative for the price. However, momentum could not he sustained, the recover
Share: Canadian Dollar pares back recent gains, but price action remains nearby. Canada sees GDP figures on Wednesday, Manufacturing PMI on Thursday. US JOLTS beat trims rate cut bets ahead of Wednesday’s FOMC policy statement. The Canadian Dollar (CAD) shed some points on Tuesday after a moderate data-beat for December’s US JOLTS Job Openings pushed
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
What are ETFs? The term ETF stands for Exchange Traded Fund, which is a fund containing Bitcoin and is traded on the stock market as shares. These shares directly track the price of Bitcoin, meaning your gains and losses are directly tied to Bitcoin’s price movements. The supply and demand for these shares, when the
Share: Gold price edges higher for the second straight day, albeit lacks follow-through buying. Geopolitical tensions, along with sliding US bond yields, lend support ahead of the FOMC. The uncertainty over the timing of the first Fed rate cut might cap any meaningful upside. Gold price (XAU/USD) gains some positive traction for the second straight
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Share: Australia’s Retail Sales, a measure of the country’s consumer spending, fell 2.7% MoM in December from the previous reading of a 2.0% rise, according to the official data published by the Australian Bureau of Statistics (ABS) on Tuesday. The figure came in weaker than the market expectation with a decrease of 0.9%. Market reaction
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
The lower than expected borrowing numbers from the Treasury is leading to: Stocks moving higher Bond prices moving higher/yields lower, and the USD to the downside. Looking at the US stock market, the NASDAQ index is now up 163 points or 1.05%. The S&P index is up 33.81 points and trades at a new record
EURUSD bounces of the 50% midpoint The EURUSD has traded lower today and in the process, the price moved below its 200 day MA at 1.0842 and into a swing area between 1.08030 and 1.0824 (see yellow area and red numbered circles on the 4- hour chart above). Initially, the pair found buyers against the
U.S. Economic Data Reaction: The USD/JPY pair’s response to U.S. GDP and jobless claims data has showcased the currency’s sensitivity to American economic health indicators. Central Bank Speculations: Futures markets are reflecting a near 50% chance of a March Fed rate cut, while BoJ rate hike expectations for April hover around 70%. Technical Consolidation: The
Share: Canadian Dollar trimmed recent gains as energy markets continue to roil. Canada absent from economic data docket until Wednesday’s Canadian GDP print. Crude Oil pared back recent highs on Red Sea headlines, China growth concerns. The Canadian Dollar (CAD) eased on Monday, backsliding after Crude Oil markets snipped away the week’s opening highs as
The USD vs the 3 major currencies is mixed to start the training week in the US session. The EURUSD is back below eight 200-day moving average is 1.08420. That tilts the overall bias to the downside. The price is trading within a swing area between 1.0803 and 1.0824. If that swing area is broken,
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Netflix shares skyrocketed in the latter part of January, bringing cheers to all Netflix stockholders. But what’s the story for other market players? Let’s delve into what everyone should know about the surge in the streaming platform and how analysts see its future. First, check out the chart below, illustrating Netflix stock movements over the
HugeWin Casino, a newly established platform as of January 2024, has quickly garnered attention in the cryptocurrency gambling landscape. Its user-centric approach, coupled with an extensive array of gaming options, underscores its emerging status within the industry. Extensive Gaming Portfolio The platform boasts an impressive selection of over 7,000 slot games, providing both traditional and
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